Financial Daily from THE HINDU group of publications
Friday, October 25, 2002
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Financial Daily from THE HINDU group of publications Friday, October 25, 2002 |
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CORPORATE MODERNISATION KAPL to focus on lifestyle drugs KARNATAKA Antibiotics & Pharmaceuticals Ltd has slowly begun to move towards the lifestyle segment of cardiovascular (CV), stress and diabetes management therapies. With an eye on Rs 100-crore turnover by 2003-04, the company is planning Rs ... More ANNOUNCEMENTS Daimler rolls out Merc E-class DAIMLERCHRYSLER India on Thursday launched the new Mercedes E - class at its facility in Pune. The new car, the E-240 petrol which makes its debut on Indian roads 10 months after its world premiere at the International Brussels Motor show in ... More OPEN OFFERS Lalbhais' plea on Amtrex turned down — Repurchase from ICICI to invite takeover code: SEBI THE Securities and Exchange Board of India (SEBI) has asked Asman Investments Ltd (acquirer), a Lalbhai group company, to make an open offer to the shareholders of Amtrex Hitachi Appliances if it acquires more than 15 per cent shares of Amtrex ... More
Grasim offer: Forum warns SEBI, FIs CORPORATE DISPUTES Advantage VSNL in battle with BSNL — DoT fears violation of shareholders' pact THE Department of Telecommunciations (DoT) finds itself in a spot over the interconnection tussle between Videsh Sanchar Nigam Ltd (VSNL) and Bharat Sanchar Nigam Ltd (BSNL). Even though the Communications Minister, Mr Pramod Mahajan, has ... More OVERSEAS BORROWINGS ADR float: Nalco to file draft prospectus with SEC by Nov 15 FOR the Disinvestment Ministry, it is business as usual on the controversial privatisation of aluminium major National Aluminium Company Ltd (Nalco) and a November 15 date has been set for filing a draft prospectus with the Securities and ... More COURTS/LEGAL ISSUES SC to pronounce Kudremukh PIL ruling today THE Supreme Court on Thursday said that it will pronounce its verdict on the public interest litigation against Kudremukh Iron Ore Company Ltd on Friday. The PIL against KIOCL initiated by non-Governmental organisations (NGOs) and environment ... More ENVIRONMENT 
Whither `greenwashing'?SIXTEEN years after the Bhopal gas tragedy, Greenpeace is knocking at people's conscience through a powerful photo essay done by Raghu Rai. The exhibition, titled `Exposure — Portrait of a Corporate Crime', is now on at Chennai's Amethyst ... More RESTRUCTURING Karrox Tech to spin off ITES division — Looking for foreign partners KARROX IT-enabled services (KITES), the ITES training division of Karrox Technologies Ltd, is likely to be recast as a subsidiary of the company in partnership with a foreign entity that offers ITES training or one that has a significant call ... More
Maars reworking business strategy MERGERS & ACQUISITIONS Grasim raises stake in L&T GRASIM Industries Ltd and its wholly-owned subsidiary, Samruddhi Swastik Trading and Investments Ltd, have acquired an additional 56.10 lakh shares representing 2.26 per cent stake in Larsen & Toubro Ltd. Following this acquisition, Grasim and ... More NEW PROJECTS Pajero rolls out of HM's new Chennai plant HINDUSTAN Motor (HM) on Thursday rolled out its first Pajero from the new facilities here that cost the company Rs 12 crore to set up. The Chennai Car Plant, which has been producing Lancers in the past four years, will henceforth also produce ... More
Cosmo Films plans new production line ALLIANCES & JOINT VENTURES Zydus Cadila in talks with foreign company — For manufacture of typhoid vaccines ZYDUS Cadila Health Care Ltd is in negotiations with a foreign player for buying technology for manufacturing typhoid vaccines. Confirming this to Business Line, Mr S. Nagraj, General Manager (sales and marketing), Zydus Cadila, said ... More PERFORMANCE 
Deep US footprints mean more profit for Dr Reddy'sDR Reddy's Labs financial results in the second quarter (July-September) of 2002-03 conclusively indicates that the cream of the company's profit in future will come from overseas markets, especially the US. Following the loss of market ... More
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